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Hybrid Electric Jet Market Analysis | CMI


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Title: Hybrid Electric Jet Market Analysis | CMI

  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

  • Hybrid Electric Jet Market, By Electric Motor
    Type (Batteries, Solar Cells, Gas-powered, Ultra
    Capacitors, and Power Cables), By End User
    (Industrial and Commercial), and By Region -
    Global Industry Insights, and Forecast till 2026
  • The aviation industry is focused in reducing the
    fuel use and carbon emissions by manufacturing
    lightweight plane, efficient engines, and
    airlines using the biofuel blends for better
    traffic flow management. For instance, according
    to Coherent Market Insights analysis, the
    aviation produces around 2 of the worlds carbon
    emissions. Therefore, to reduce the emissions,
    many of the companies such as Zunum Aero,
    JetBlue Technology are planning for the
    low-carbon flying future.

Hybrid Electric Jet Market Key Driving Factor
  • Decrease in the green gas emissions is the major
    factor driving growth of the global Hybrid
    Electric Jet Market
  • Decreasing the green gas emissions such as carbon
    dioxide, methane, nitrous oxide and among others
    is the major factor driving growth of the global
    hybrid electric jet market. The jets using
    conventional motors results in green gas
    emissions, which is the major environmental
    concerns. For instance, according to the Europe
    Aviation Safety Agency (ESEA), utilization of
    electric engines in the jet is expected to reduce
    75 of Carbon Dioxide (CO2) and 90 of Nitrous
    Oxide (NOx) along with reduction in the noise
    levels to 65 by 2050. Furthermore, according to
    the Flightpath 2050 plan, the European Commission
    aims to reduce carbon dioxide emissions by 60,
    nitrogen oxide pollution by 90, and noise
    reduction of 75. Moreover, apart from the
    environmental benefits, a hybrid electric jets
    could benefit in saving the carriers money on the
    fuel costs. Also, it reduces the noise pollution,
    as they are quieter and also enables the carriers
    to fly more at night especially in airports close
    to city centers, which in turn is positively
    influencing growth of the market.

Hybrid Electric Jet Market Restraint
  • Major factor restraining growth of the market is
    increasing cost of operations such as cost of the
    lithium-ion battery packs in the electric

Figure Global Hybrid Electric Jet Market Value
(US Million), by Region, 2026
Global Hybrid Electric Jet Market Regional
  • On basis of region, the global hybrid electric
    jet market is segmented into North America,
    Europe, Asia Pacific, Latin America, Middle East,
    and Africa. Europe is expected to exhibit the
    highest growth in the market during the forecast
    period, owing to the presence of large number of
    manufacturers such as Airbus SE, Rolls Royce,
    Siemens AG, Boeing, and EasyJet. Europe is
    projected to retain its dominance in market over
    the forecast period, owing to increasing number
    of manufactures, collaboration, and partnerships.
  • For instance, in November 2017, the European
    manufacturers Airbus SE, Rolls Royce, and Siemens
    AG collaborated to build a hybrid electric plane
    called E-FAN X, which will be based on the
    modified 100-seat British Aerospace 146 (BAe146)
    regional aircraft. This modification includes
    replacement of the conventional motor with the
    two megawatt electric motor.

  • Moreover, the Airbus will be responsible for
    integrating the engines with flight controls,
    Rolls Royce will improve the turbo-shaft engine
    with the two megawatt generator, and power
    electronics. Moreover, the generator and power
    electronic systems will be integrated to reduce
    the weight of the aircraft. Siemens will be
    responsible for delivering the power distribution
    network. The turbine powering the generator will
    operate on the jet fuel, which will provide the
    power for electric engine.
  • Moreover, any excess power from the generator
    will be stored in banks of batteries with the
    stored energy to be used during take-off and
    landing. Furthermore, in September 2017, EasyJet,
    a major European carrier, started working with
    U.S. startup Wright Electric to build an
    all-electric airliner within a decade.

Key companies
  • The major players operating in the hybrid
    electric jet market include Zunum Aero, Boeing
    HorizonX, Uber Technologies Inc, JetBlue
    Technology, Siemens AG, Airbus SE, Rolls Royce,
    Lilium, EasyJet Ltd., and Wright Electric.

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